The sale was conducted to satisfy income tax liabilities resulting from the vesting of previously granted restricted stock units. The transaction was executed under a pre-established trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Following this sale, Sandberg retains direct ownership of 149,364 shares of Two Harbors Investment Corp (NYSE:TWO). InvestingPro analysis shows the company maintains a FAIR financial health score, with its next earnings report scheduled for February 5, 2025. Investors seeking detailed insights into TWO's valuation and growth prospects can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers. InvestingPro analysis shows the company maintains a FAIR financial health score, with its next earnings report scheduled for February 5, 2025. Investors seeking detailed insights into TWO's valuation and growth prospects can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The sale was conducted to satisfy income tax liabilities resulting from the vesting of previously granted restricted stock units. The transaction was executed under a pre-established trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Following this sale, Sandberg retains direct ownership of 149,364 shares of Two Harbors Investment Corp.
In other recent news, Two Harbors Investment Corp. has reported steady Q3 2024 earnings with a book value of $14.93 per share and a comprehensive income of $19.3 million. The company's investment portfolio totaled $16.4 billion and its direct-to-consumer loan origination channel generated $22.4 million in first mortgages. Two Harbors anticipates a static return estimate between 9.5% to 12.7% and has expressed confidence in its long-term strategy, focusing on the stability of low mortgage rate MSRs.
In other significant developments, the company has appointed Travis Swenson as its new Chief Financial Officer, effective May 2025. Swenson brings a wealth of experience from his previous roles at Colliers Mortgage Holdings LLC, WeWork (OTC:WEWKQ), Inc., CBRE (NYSE:CBRE), Inc., and Deloitte & Touche LLP. He will assume the role of Deputy CFO under the interim CFO William Dellal until his official appointment.
In addition to these developments, Two Harbors has unveiled a new branding strategy emphasizing its core focus on Mortgage Servicing Rights (MSR) as a key investment strategy. Despite a decline in MSR valuation between 1.5% and 3%, the MSR market has remained resilient with stable prices and strong demand from banks and non-banks. The company's proactive management approach and strategic initiatives are set to enhance shareholder returns and position Two Harbors for future growth.
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